New condo-sale rule brings relief to many, grief to some (BC)

Developers, lawyers, realtors and some condominium own-ers rejoiced last summer when the B.C. government changed the law to make it easier for strata corporations to sell assets.  The government’s Bill 40 lowered the bar so that if 80% of the owners in a strata corporation vote to dissolve that entity and sell the site to a developer, they can petition BC Supreme Court for final approval.   The court then takes into consideration whether owners who oppose the sale will suffer a significant hardship. Court approval is not a rubber-stamp process, but proposals are now a lot more likely to find success in court than they would have before Bill 40 became law.     Read the article………….


Related Articles

Day home operator faces eviction from townhouse over condo board bylaw infraction

A Calgary woman who runs a private child-care operation out of the townhouse she rents is being forced out by

Tenant turned Airbnb proprietor becomes landlord’s nightmare (ON)

Last week, the Landlord and Tenant Board terminated Tremblay’s tenancy in Mah’s condo as of Oct. 10 and issued an order that she is not allowed on the property. But she still has possession of the unit, and Mah said she believes Tremblay’s daughter is living there.

New Condo Rules Unveiled Today (MB)

The Manitoba government is introducing new rules designed to protect condo buyers.  The new Condominium Act wil extend the cooling